Why Trivandrum is the Next Big Thing in Real Estate Investment

Posted onDec 27, 2024

Before we start discussing real estate investment strategies in Trivandrum, let us see why this city is a favoured choice for investors. Trivandrum, being the capital city of Kerala has always been an important place in the state. It is an erstwhile kingdom that was renowned for its patronage of art, music, dance, and crafts. Today too, the residents of the city are known to be great lovers of the fine arts. 

However, there is a lot more to the city now than its ancient heritage, art, and culture. It is turning into the biggest IT hub in Kerala and, indeed, one of the biggest and most important IT hubs in India itself.

Emerging IT Hub

The Kazhakkoottam IT township is a huge township that is partially completed, with new areas still being built. It is a massive complex providing exceptional facilities to entrepreneurs wishing to establish their startups. Spacious premises, easy financing, incubation, mentorships, training programs, access to uninterrupted power and other utilities, and so on. The township is a huge project that ensures that people working there have access to housing, healthcare, schools, markets, and other essential facilities.

It is expected that the IT township will be a huge shot in the arm for the city, and the state as a whole. There is a steady stream of people making a beeline for Trivandrum to be part of this exciting IT ecosystem. Apart from Kazhakkoottam, there are other regions in Trivandrum where IT parks have already been established or are coming up, transforming Trivandrum into a major IT hub of India.

Strategic Importance

Located almost at the tip of India, Trivandrum serves as the gateway to international destinations. It has a seaport that facilitates international trade, and the airport connects it to the rest of the world. It is also an important part of India’s space program, thanks to the rocket launching centre at Thumba and the ISRO centre. It is also where many scientific research centres and other important government organizations are headquartered.

Connectivity and Facilities

Trivandrum has excellent air, rail, and road connectivity, and one can literally go anywhere in the world easily from this city. Trivandrum boasts some of the best educational and healthcare institutions in the country. From primary to professional and vocational education, from basic to super-speciality hospitals, Trivandrum has it all. Major hypermarkets, malls, hotels, and other institutions are all present in the city in abundance.

Important factors to consider while investing in real estate in Trivandrum

When investing in real estate in Trivandrum, several key factors should be considered to ensure a wise investment. Firstly, location is paramount; areas with good connectivity and proximity to essential amenities like hospitals, schools, and shopping centres typically see higher property values. Secondly, scrutinize the legal clarity of the property to avoid disputes and ensure all documents are in order. Thirdly, the potential for appreciation should be assessed, focusing on emerging areas that might see development boosts in the future. Additionally, considering the builder's credibility and past projects can provide insight into the quality and reliability of the construction. Lastly, understanding the local real estate market trends and economic factors that influence property prices in Trivandrum will guide better decision-making.

Also Read: Important factors to consider while investing in real estate in Trivandrum.

Research the Property Developer

Check the builder’s reputation by reading online reviews and asking others for their personal experience. Check how transparent their dealings are and whether they complete projects on time. Find out if they deliver everything they promise with regard to amenities, square feet area, and so on. Do they follow government norms and RERA regulations?

Location

The location of the property is of time importance. A good location is one that is not too far from the main road yet is peaceful. It should ideally have markets, basic healthcare facilities, schools, and some shopping and entertainment nearby, or at least not too far away. You should be able to access the main roads easily and have access to public transportation. Above all, it should be safe for your family.

Amenities

It makes sense to invest in a modern flat with top-notch amenities like landscaped gardens, a children’s play area, a swimming pool, a gym, a party hall, CCT security, 24/7 power backup, and so on. This makes life much more comfortable and convenient. Such flats will always be in demand, so if you are not using them as your own residence, you can always rent them out and get good returns.

Conclusion

Trivandrum is one of the most important cities in India, and will always have huge demand for properties. You can never go wrong with investing in real estate here. Follow our smart real estate investment tips for Trivandrum on a Budget if you are not keen to put in a lot of money at the moment.

Varma Homes is one of the most reputable builders in Kerala and has delivered many prestigious projects in prime locations in Trivandrum. Check out their premium 2 and 3 BHK flats with world-class amenities.